Our Platformwatch tool gives you a framework for your platform due diligence process to help you assess which platform best meets the needs of your clients.  

Skandia Platformwatch website

Platform selection: due diligence

We know that, when choosing a platform, due diligence can be a complicated and onerous task. Yet, the Financial Services Authority expects adviser firms to have a robust process, not just for selecting a platform that’s suitable for their clients, but for evidencing its suitability. That’s why we do everything we can to make the process easier for you.

Due diligence made easy

Skandia’s Platformwatch tool puts you in control of determining and evidencing platform suitability. It does this by making it easy for you to ask the right questions and then find answers to them. It then helps you turn the information into an informed platform recommendation for your clients. Find out how:

Due diligence considerations

There are a number of things you need to consider when performing a robust due diligence review. These include:

  • Platform reputation and financial standing
  • Terms and Conditions of using the platform
  • Cost, charging structure and transparency of charges
  • Range of funds and tax wrappers
  • Range of asset classes
  • Functionality
  • Accessibility
  • Additional tools such as risk profiling and asset allocation
  • Training and support services.
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